The group operations of the Nigerian National Petroleum Corporation, NNPC, recorded a cumulative loss of N411.1 billion in 21 months between January 2015 and September 2016, the Nigerian Extractive Industries Transparency Initiative, NEITI, has stated. In report, the agency said its review of the NNPC’s monthly financial and operational reports …
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The Nigeria National Petroleum Corporation (NNPC) says plans are underway to set up an energy renewable plant that will use agro products to generate energy. Its Group General Manager in charge of Renewable Energy Division, Mr Rabiu Suleiman, stated this on Tuesday in Makurdi during a courtesy call on Gov. …
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Militants bombed a state-run oil pipeline in southern Nigeria Monday causing massive spills, in the latest attack on the country’s oil infrastructure, said an industry official. “The pipeline is operated by the Pipelines and Products Marketing Company (PPMC) at Batan near Warri. It was blown up early yesterday (Monday),” a …
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Kerosene supply have reportedly dropped in recent weeks, causing the price of the product to shoot up to about N300 per litre in many parts of the country. There are also strong indications that despite the recent liberalization of the fuels market, many marketers had yet to start importing kerosene …
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Nigerians might experiment fuel scarcity again as the owners of Mega Petrol Filling Stations have threatened to shut down operations following an alleged imposition of a lower pump price on them by the Nigeria National Petroleum Company (NNPC) .This was revealed at a briefing held by the Mega Filling Station …
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The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday. The Minister of Solid Minerals and Chairman, NEITI Board, Kayode Fayemi, who unveiled the report, said the document contained …
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The sector that contributes 57.9 per cent of Nigeria’s Gross Domestic Product, GDP, is at risk of closure, as the unending fuel crisis witnessed across the country has started to take its toll on small businesses in Abuja and other parts of the country, since majority of the businesses were …
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A sales representative of the Nigerian National Petroleum Corporation, Mr. Wale Olayinka, narrowly escaped death as hoodlums allegedly led by one ‘The Law’ descended on him and beat him to stupor at the NNPC Mega Station in Osogbo. It was gathered on Monday that the NNPC official, who was …
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President Muhammadu Buhari on Monday in Abuja lashed out at the 16 years rule of the People’s Democratic Party, PDP, regretting that the previous governments did not save for the “rainy day”. Buhari spoke while receiving the President of the International Civil Aviation Organisation (ICAO), Dr. Bernard O. Aliyu at …
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The Federal Government has said it is keenly aware of the difficulties that Nigerians are currently facing over the lingering fuel scarcity and poor power supply, and that it is working round the clock to provide the relief for the citizenry. ”As a government that was propelled into office by …
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